Word: pati
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
High up in the thin, cold air of the Bolivian Andes, shrewd Mestizo Simón I. Patiño built for himself and his family an empire of tin. It was founded on the peon labor of mountain Indians whose lowly wage offset the high cost of transporting Patiño's ores to world markets. The mines Patiño developed from the original holding he acquired from a debt-ridden Portuguese made him one of the richest men in the world. But last week the manner in which he got his wealth returned, to plague...
...Around Patiño's tin Bolivia grew; by tin, today, Patiño's empire and Bolivia's foreign trade must stand or fall. Symbols of Patiño's eminence are the three palaces he built, but never occupied, in the mountains. A symbol of the foundations on which his empire rests are silicosis-ridden miners who, when their health is shattered, creep back to their tribe's huts...
Last week Patiño's Indians went on strike, and the tin empire and Bolivia trembled. A week after the deadline for re-enactment of an enlightened labor code, workers at the Catavi mines walked out, demanding a 100% wage increase, a Christmas bonus, which they claimed was theirs by law, and the end of the company stores (virtually their only source of food and clothing) which kept them constantly in debt...
Died. Doña Elena Patiño, Marquesa de Valparaiso y del Mérito, daughter of Tin King Simón I. Patiño of Bolivia; after a month's illness; in Manhattan. A woman in her early 30s, she had been given a fortune by her fabulously wealthy father when she married, and she became one of the world's wealthiest women when he distributed the bulk of his estate to his family last...
Considered as a step toward hemispheric self-sufficiency, the rest of the tin deal was the rest of a fiasco. Patiño's companies are interlocked with the British-Dutch cartel, and he controls a smelter in Liverpool. His ore has always been smelted there, crossing the Atlantic twice before it gets to the U.S. After prolonged negotiations, Jesse Jones contracted with a Dutch firm to smelt Bolivian ore in Texas-with a Dutch East Indian ore admixture, which keeps U.S. tin technology tied to the Far East. To feed the Texas smelter he secured less than half...